The Wireless security camera is likely to hold the global market at a moderate CAGR of ~12.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 5.7 Billion in 2022 and is likely to cross ~US$ 18.35 Billion by the end of 2032.
The importance of wireless security camera is tremendously increasing day by day due to rising crime.Thus to monitor commercial & residential property and to cease unauthorized crime there is an increasing demand for wireless security camera.In addition, wireless security camera are majorly use to carry out the transmission of audio/video surveillance, fire access system or firewall, access control protocols, building management system/operator by using a radio band on the real time basis to the wireless receiver.
The popularity of wireless cameras are increasing in verticals industry, as many companies are installing wireless security camera for maintaining the video/audio records for their offices and production unit for safety purposes.
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In addition, integrated wireless security camera with the use of mobile application data is trending as data can be recorded or transferred in mobile phone or any other data communication devices.
Furthermore, the use of camera is increasing the popularity of wireless security camera in human monitoring applications such as in old age home, schools, hospitals and child day care centre.
With such increasing applications manufacturers of wireless camera are more focusing on innovation with more advance feature in wireless security camera. The applications of the wireless security camera is increasing specially for indoor surveillance and to locate family members such as grandparents, kids in safety perimeter.
Installation of wireless security camera is sustainable solution than wire camera
The installation of wireless camera is easy compared to wire camera. Wireless camera has more flexibility available in the required premises than wire camera.
The cost of hardware material required for wired camera while installing is more than wireless camera, thus the total expenditure required for wireless camera is far less compared to wired camera.
The wireless security camera has many advantage over wire camera, as it has higher digital image quality, video access that can be searched immediately by time, date or event.
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In addition, it also has advance feature such as motion-detection, HD resolution, infrared night vision, motion detector, and ability to view study sites remotely by Internet connection, among others.
Wireless security cameras mounted or integrated with Digital Video Recorder (DVR), can improved versatility and reduced complexity during installation.
Developing countries are main attraction for security market
Rising demand for smart infrastructure technologies with modernization & digitization, smart city plan, various program on employee safety and others factors such as community safety in the developing countries are some of the key factor that is boosting the demand for wireless security camera.
The application of wireless camera for outdoor system for property monitoring and surveillance in public as well as private sector is also increasing the demand for wireless camera.
Security issues in developing countries are the major factor that is driving the growth of wireless security camera or home security camera.
Increasing enormous investments in innovations of wireless security camera such as in the field of artificial intelligence area and ongoing research activities globally has attracted many manufacturer and companies of developing countries for adopting new latest technologies for security.
Expansion of stores and offices in developing countries is also a leading factor boosting the demand for wireless security camera.
Wireless CCTV cameras system communicate to security services for quick interventions and it has emerged in area of research and in the artificial intelligent domain. Decreasing cost for internet infrastructure has also boosting the demand wireless security camera.
Global wireless security camera: Key Players
Some of the key players operating their business in the global wireless security camera market are
- AMCREST
- FLIR Lorex Inc.
- LLC
- Teklink Security Inc.
- Revo
- CCTV Cameras Pros
- DEFENDER
- Atoms Labs
- Night Owl Security Products
- Q-SEE
- Corps Security
- Crystal Vision Ltd.
- Others
Increasing opportunities for wireless security camera as manufacturers are more focusing on solar power integration
Wireless security camera has more advantage than security camera, as security camera are more dependent on co axial cables which increases the cost and the installation is time consuming. This factors drives the wireless security camera market.
Solar panel integration with wireless security camera are one of latest technology trend that is building the strong market for wireless security camera. Manufacturer are more focusing on powering camera with solar energy and connecting them with wireless system.
Thus companies like Micro Power Technologies have developed Helios camera system camera that is primarily used for perimeter security, which can operate continuously for 5 days and be recharged upward 3,000 times.
The wireless security camera market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the wireless security camera market, including but not limited to: regional markets, grade, and application.
The wireless security camera market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the wireless security camera market report projects the attractiveness of each major segment over the forecast period.
Key Segments Profiled In The Wireless Security Camera Market
By Basis of Camera Technology:
- Analog/Direct
- Digital
- IP/Network
By Basis of Camera Type:
- Dome Camera
- Bullet Camera
- Cube Camera
- PTZ IP camera
By Basis of Industry Verticals:
- BFSI
- Manufacturing
- Education
- Hospital & Healthcare
- Household
- Others
By Basis of Applications:
- Car Dash Cameras
- Security
- Home surveillance
- Baby and adult monitoring
- Other
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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